daversaa@ballardspahr.com | 215.864.8113 | view full bio

Andrew focuses his practice on white collar defense. He has experience in matters involving the criminal money laundering statutes and the application of federal and state AML regulations, including as to virtual currency and related products. Andrew maintains an active pro bono practice working with the Pennsylvania Innocence Project.

On July 20, 2022, the Connecticut Department of Banking (the “Department”) issued a Consumer and Industry Advisory on Money Transmission (the “Advisory”).  The Department believes the Advisory was necessary for two reasons.  First, the Department notes the “significant disruption to traditional money transmission systems” caused by the “increased use of technology to enable immediate payment

On June 23, 2022, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective (SRP) for spring 2022.  In the SRP, the OCC opines on its current safety and soundness concerns for banks under its regulatory umbrella, focusing on Russia sanctions, climate-related risk, and rising inflation.  Despite these challenges, the OCC